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All you need
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Created: by Jeff Castille Attachments:534

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All you need

  #1441 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Zen Fire
Favorite Futures: ES 6E ZB YM
 
Alinghy's Avatar
 
Posts: 332 since Sep 2009
Thanks: 257 given, 59 received

I am sure that I have understood what you specify, but as a suggestion when things
are pretty new or near like this a better clarity, I can assure you, will be helpful for people like me that are beginners to avoid any mistake and get the best base to work on it for future.
Many notions that for people like you with probably a long story in this field are standard assumptions but not same for newbies .

So, by the way, considering all the efforts you skilled guys are doing in this Forum, then I can consider you'll accept my little suggestion .

I also see that we leave in the Old Europe.

Best always
Alinghy

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  #1442 (permalink)
VIP Member
KL
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: es cl ym
 
Posts: 37 since Sep 2009
Thanks: 10 given, 33 received

Hi Alinghy,

I've been in the markets for 6 years now though not specifically in Futures but other instuments like stocks and options. Till today I am still learning. A lot of senior members here, some maybe even ex-floor traders would swear that they are still learning too.

How do we learn, well... some of us take courses. We also scour the net for answers. Some of us like you and me will ask questions in forums like this. Do we get all the answers that we seek so that we can be on our way to financial freedom? Of course not or else futures.io (formerly BMT) will charge us $4999 for entry. After all what is a couple grand if we can make millions.

However, there are once in a while good characters like Cunparis and Jeff (also others like BigM, Sharky Wizard, I'm sorry if i missed your names) who will take their time to show us a thing or two the ropes of a traders life. Still then, are we gonna get all the answers? Of course not because they are not us and we are not them. The only possible way for us to be exactly like them is if we give them our money and they trade it for us.

So how are we to take advantage of the infomation here? The only way, I am again reminded by Jeff is to test it out myself. I dunno heck what they put on their charts, this arrow and that indicator but I can use my time to figure it out. Even if Cunparis gave us every step of the trading strategy, we will still be making rookie mistakes I can assure you. Why? Because we're human and we are prone to making mistakes. And that is how we learn.

So don't worry about making mistakes. Forget about their charts. Just take their concept and come up with something that will work for you.

-Joel-


Alinghy View Post
I am sure that I have understood what you specify, but as a suggestion when things
are pretty new or near like this a better clarity, I can assure you, will be helpful for people like me that are beginners to avoid any mistake and get the best base to work on it for future.
Many notions that for people like you with probably a long story in this field are standard assumptions but not same for newbies .

So, by the way, considering all the efforts you skilled guys are doing in this Forum, then I can consider you'll accept my little suggestion .

I also see that we leave in the Old Europe.

Best always
Alinghy


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The following 2 users say Thank You to traderjoel for this post:
 
  #1443 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Zen Fire
Favorite Futures: ES 6E ZB YM
 
Alinghy's Avatar
 
Posts: 332 since Sep 2009
Thanks: 257 given, 59 received


Hi TraderJoel

I can agree with you for many of your istances, but ... but... I can assure you that is better to get one skilled person that gives you the basic way and then study your own.

This financial world is full of bul*Sh*ters that sell good working systems... working well for their pocket, they discovered the Holy Grail and sell it to us for penny in percentage, can say .

This Forum is the only one I visit every every day from the time I discovered it, because is easy to see the different behaviour of most of the guys that intervene here, the different approach, and let me say that the minimum of $20 to become VIP user is a real small contribution.

I just say that if all the skilled moderators and BM also will deliver example of indicatoirs or strategies giving the maximum clear info about also the estimated settings depending on the specific instrument, this will give the best help to beginners, I repeat avoid misunderstanding, make their life also better with less stressing questions, and this could be applied only each time something new will be released .

I am also not completely new of this world, and can assure that very little is the numbers of persons that get real profitable return, 90 % leaves bones on the dish
5 % stays still alive, but with health problem (money & blood pressure :-) ) remaining 5% lives at caribbean sea, but remember only 5 %.

I am pretty sure that with the help of Gentlemen ( very few in this green garden) may be after heavy sacrifice, only some people can succeed .

ONLY, If these Gentlemen, near the Holy Grail, with years and years of efforts and renunciations are available to help the growth of people like me, any targets could be hitted .

Forget al theoretical numbers, how many persons give blood in Las vegas ?
One white mosquitos confirm only that mosquitos are, normally, black .

Dreams are dangerous !

Shalom
Alinghy

Facts no words: here BM, the valuable Moderators and more common persons are not asking money at the end: this the big difference with the rest of the world ! but the

-------------------------------------->>>>>>>>>>>> substantial DIFFERENCE <<<<<<<<<<<<----------------------------


Last edited by Alinghy; October 27th, 2009 at 11:09 AM.
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  #1444 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

Another ES 5m ORB winner!

Thank you Jeff. I owe you a beer some time!

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  #1445 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


Alinghy View Post
I just say that if all the skilled moderators and BM also will deliver example of indicatoirs or strategies giving the maximum clear info about also the estimated settings depending on the specific instrument, this will give the best help to beginners, I repeat avoid misunderstanding, make their life also better with less stressing questions, and this could be applied only each time something new will be released .

We try to give ideas but everyone has to take the ideas and make them work for themselves. I don't think anyone here trades exactly like anyone else. Even when I give indicators, setups, etc. I see others do it different.

You pretty much have to figure things out for yourself, that's the only way to master it. And remember entry is the easy part. Knowing where to exit, money management, risk control, avoiding bad trades, etc. that's the hard stuff.

Finally, we typically post here while waiting for a setup or while sitting out for news (like now). It's very time-consuming and on more than one occassion I've missed trades (which I often mark on my charts) due to posting or annotating my charts in order to post, etc. So during the day every little second counts so that's why you might not see all the instructions you'd like to see. On the weekends it's family time and time to get away.

So take what we offer and master it. The 5min ORB is the easiest trade there is. If someone can't do that one, and I don't mean to offend you or anyone else, but if one can't do that then they're not going to be able to do more complicated setups. But don't worry. You can practice it on sim for as long as it takes until you master it. One step at a time. One setup at a time. On market at a time. It sounds like maybe you're trying to do too much.

Repetition is the mother of all skill.

If you have specific questions, post a chart and ask away. You'll get lots of answers I'm sure. We just want to see people make effort to try it and practice it.

Good luck in your quest.

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  #1446 (permalink)
VIP Member
KL
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: es cl ym
 
Posts: 37 since Sep 2009
Thanks: 10 given, 33 received

Not so good on the YM

Not so good looking on the YM today though. Maybe its just me and Jeff did better on the first 5 mins ORB? I took the fist long after break high of the 5 mins bar. I actually got a good fill. Thats because it was the market snapping right back down. Got stopped out on the other side of the bar and went short. Made back a little of what was lost from the long.

-Joel-



cunparis View Post
Another ES 5m ORB winner!

Thank you Jeff. I owe you a beer some time!


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  #1447 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


traderjoel View Post
Not so good looking on the YM today though. Maybe its just me and Jeff did better on the first 5 mins ORB? I took the fist long after break high of the 5 mins bar. I actually got a good fill. Thats because it was the market snapping right back down. Got stopped out on the other side of the bar and went short. Made back a little of what was lost from the long.

-Joel-

This is exactly why I do not trade YM! I think this happens often, I've seen it before. I've been stopped out on YM and I look at ES and I see that I wouldn't have been stopped out. And in this cause you got stopped in while I didn't. YM tends to overshoot just a few ticks, enough to run stops. In my opinion it doesn't happen as much with ES.

if you search back in this thread I think I even posted about this once. YM ran stops like 3 different times in one day and in every time ES didn't. I think that was the last day I traded YM.

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  #1448 (permalink)
VIP Member
KL
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: es cl ym
 
Posts: 37 since Sep 2009
Thanks: 10 given, 33 received

I hear you CunParis. Quite a number of traders mentioned their dislike for the YMs too. They say its a CBOT thing. However, I think if there is such a thing as stop runs, it would also happen on any other instrument too.

A little update on YM, I took the 10.35 break long and got back what I lost earlier. When I look at the ES, I think those trading the RB would have gotten a false short signal on the 10.35 bar.

So up till now... 1 fake for YM and 1 fake for ES....




cunparis View Post
This is exactly why I do not trade YM! I think this happens often, I've seen it before. I've been stopped out on YM and I look at ES and I see that I wouldn't have been stopped out. And in this cause you got stopped in while I didn't. YM tends to overshoot just a few ticks, enough to run stops. In my opinion it doesn't happen as much with ES.

if you search back in this thread I think I even posted about this once. YM ran stops like 3 different times in one day and in every time ES didn't. I think that was the last day I traded YM.


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  #1449 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


traderjoel View Post
I hear you CunParis. Quite a number of traders mentioned their dislike for the YMs too. They say its a CBOT thing. However, I think if there is such a thing as stop runs, it would also happen on any other instrument too.

A little update on YM, I took the 10.35 break long and got back what I lost earlier. When I look at the ES, I think those trading the RB would have gotten a false short signal on the 10.35 bar.

So up till now... 1 fake for YM and 1 fake for ES....

The more liquid the harder to run stops. I'm not saying that some guy is running stops, I don't know why it happens or who does it. One reason could be the smaller tick size, it's easier to push it one more tick. Another reason is ES has more professionals (due to the liquidity) and they defend their positions. I enter on the professional side which means the pros are defending my stops. All that is theory but the fact is it happens more on YM.

Sorry to bash Jeff's favorite instrument! I'm sure there are advantages to YM as well.

ES has been a beast to me. I started on ES 2 years ago and lost so much money on it that I'm now out for revenge! Taking CL along with it!

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  #1450 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received



traderjoel View Post
I think those trading the RB would have gotten a false short signal on the 10.35 bar.

PS. What 10:35 bar? The ORB is only for the first bar (9:35 on NT & TS). It went more than 4 ticks but I was out with 4.

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